1996-04-13 - Re: Money supply is fake anyway

Header Data

From: “Perry E. Metzger” <perry@piermont.com>
To: cypherpunks@toad.com
Message Hash: e499029518e5319a5365a3fcae2372bbc8b748e767f7e4b5123a03dda85839d7
Message ID: <199604112225.SAA22025@jekyll.piermont.com>
Reply To: <199604112204.RAA22999@cdale1.midwest.net>
UTC Datetime: 1996-04-13 18:04:54 UTC
Raw Date: Sun, 14 Apr 1996 02:04:54 +0800

Raw message

From: "Perry E. Metzger" <perry@piermont.com>
Date: Sun, 14 Apr 1996 02:04:54 +0800
To: cypherpunks@toad.com
Subject: Re: Money supply is fake anyway
In-Reply-To: <199604112204.RAA22999@cdale1.midwest.net>
Message-ID: <199604112225.SAA22025@jekyll.piermont.com>
MIME-Version: 1.0
Content-Type: text/plain



I've answered Mr. Smith in private mail.

.pm


"David E. Smith" writes:
> > > Banks "invent" money on a daily basis.
> > 
> > Really? Since when?
> > 
> 
> That's something from college-level economics.  If a bank
> has reserves in excess of their reserve requirement, they





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